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    Business
  3. Study Set
    Fundamentals of Financial Accounting
  4. Exam
    Exam 7: Reporting and Interpreting Inventories and Cost of Goods Sold
  5. Question
    An Understatement of Beginning Inventory Causes Net Income to Be
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An Understatement of Beginning Inventory Causes Net Income to Be

Question 171

Question 171

True/False

An understatement of beginning inventory causes net income to be understated.

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